Bitcoin ETFs see $326M outflows as BTC drops to $59K, Ether ETFs lose $6M amid cautious institutional demand.
U.S. spot bitcoin ETFs experienced $326 million in net outflows on June 5, while ether ETFs saw $5.97 million in redemptions, signaling renewed selling pressure after a brief pause. These outflows reflect waning institutional interest as bitcoin prices fell to a multi-week low near $59,000. The sustained withdrawals suggest investors are reducing exposure rather than buying dips, which could further pressure prices. Market watchers will look for a return to steady inflows, especially into major funds like Blackrock's IBIT, as a sign of stabilizing demand.
U.S. spot bitcoin ETFs experienced $326 million in net outflows on June 5, while ether ETFs saw $5.97 million in redemptions, signaling renewed selling pressure after a brief pause. These outflows reflect waning institutional interest as bitcoin prices fell to a multi-week low near $59,000. The sustained withdrawals suggest investors are reducing exposure rather than buying dips, which could further pressure prices. Market watchers will look for a return to steady inflows, especially into major funds like Blackrock's IBIT, as a sign of stabilizing demand.
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